Market Overview: Rocket Pool/USDC (RPLUSDC) on October 31, 2025

• Rocket Pool/USDC (RPLUSDC) opened at 3.12 and traded in a volatile 24-hour range, peaking at 3.3 and closing at 3.26 near the end.
• A large-volume candle at 04:30 ET drove a sharp rally from 3.21 to 3.26, signaling renewed buying pressure after a consolidation phase.
• Key resistance at 3.27–3.3 was tested multiple times and held firm, suggesting potential reversal or sideways trading ahead.
• Bollinger Band expansion and RSI divergence indicate rising volatility, with potential overbought conditions emerging near 3.3.
• Turnover spiked during the 04:30–06:45 ET window, confirming accumulation and distribution phases in a mixed short-term outlook.

Price Summary and Structure

Rocket Pool/USDC (RPLUSDC) opened at 3.12 on October 30 at 12:00 ET and reached a high of 3.3 on October 31 at 15:00 ET, before closing at 3.26 at the same time. The pair traded within a 24-hour range of 3.09 to 3.3, with total volume of 10,296.27 and a notional turnover of $32,294.73. The price displayed a bullish reversal after a midday consolidation phase, culminating in a large-volume candle at 04:30 ET that pushed the price above key psychological levels.

Notable support levels emerged at 3.10–3.12 and 3.21–3.22, with resistance forming at 3.27 and 3.3. A potential bearish engulfing pattern appeared at the 19:15 ET candle as the price moved from 3.10 to 3.1, followed by a bullish harami and pinbar reversal at 05:15 ET, indicating a shift in sentiment. A doji at 03:45 ET and a long-bodied bullish candle at 04:30 ET reinforced the idea of a possible consolidation breakout.

Moving Averages and Volatility

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price during the early afternoon, but the price surged above both during the 04:30 ET candle, signaling a potential shift in short-term momentum. On the daily chart, the 50-day moving average remains below the current price, but the 200-day line acts as a long-term support. Bollinger Bands showed a sharp expansion during the 04:30–06:45 ET window, indicating a phase of heightened volatility.

The volatility contraction earlier in the day preceded the breakout, often a sign of a pending reversal or continuation. Price was within one standard deviation of the moving average most of the time, but the 15:00–16:00 ET candles saw the price briefly exceed the upper band, a signal that could be interpreted as overbought territory.

Volume and Turnover Analysis

Volume spiked during the 04:30–06:45 ET window, especially during the 04:30 ET candle where volume reached 1,093.54, confirming the price increase as a legitimate breakout. The largest single candle turnover was seen at 04:30 ET with $3,563.24, followed by a smaller peak at 05:15 ET. Turnover decreased after 06:45 ET despite continued price fluctuations, suggesting reduced conviction in the move.

A divergence appeared between rising prices and declining volume after 07:00 ET, hinting at potential exhaustion in the bullish trend. The price continued to move up but with less conviction, as reflected in smaller volume and lower turnover. This could indicate a consolidation phase or an early sign of a reversal.

MACD and RSI Momentum

The MACD histogram turned positive during the 04:00–06:00 ET period, aligning with the price surge, and peaked at 04:45 ET before declining. The RSI briefly hit 70 at 15:00 ET and again at 16:00 ET, signaling overbought conditions, but failed to close above that level, suggesting a lack of follow-through.

A bullish divergence formed between the RSI and price between 04:30 ET and 06:00 ET, where the RSI made a higher low while the price continued to rise. This could indicate a potential pullback or consolidation before the next leg up.

Backtest Hypothesis

Given the observed patterns in RPLUSDC, a potential backtest strategy could leverage the RSI and MACD divergence as entry signals. A long position could be triggered when RSI dips below 30 (oversold) and the MACD histogram turns positive, as seen at 04:30 ET. An exit could be considered when RSI crosses above 70 and the histogram begins to contract, indicating overbought exhaustion. A stop-loss near the 3.21–3.22 support level would limit downside risk, while a take-profit target could be placed near 3.3 or 3.35. Further refinement could include filtering for volume spikes to confirm signals.